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Cost formation of new and used cars

Journal: Business Education in the Knowledge Economy (Vol.5, No. 3)

Publication Date:

Authors : ;

Page : 88-92

Keywords : Car; price; product; prime cost;

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Abstract

This article discusses aspects and nuances affecting the cost of cars. A car is a specific product, the cost of which is determined by a large number of constant and changing parameters. Full information on how the price of a car is formed is mainly a trade secret, but in general, car production is subject to the same laws as the production of many other goods. This allows for a rough analysis of how the prices of cars are formed. Information is also provided on additional non-economic parameters that affect the value of cars.

Last modified: 2019-11-19 12:28:42